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Look for Shares of Mckesson Corp to Potentially Pullback after Yesterday's 2.56% Rise

By David Diaz

Mckesson Corp (NYSE:MCK) traded in a range yesterday that spanned from a low of $141.26 to a high of $142.49. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $140.19 on volume of 556,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Mckesson Corp and will alert subscribers who have MCK in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Mckesson Corp have traded between a low of $111.90 and a high of $172.18 and are now at $142.45, which is 27% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.8%.

Keywords: rebounders McKesson Corp

Ticker(s): MCK